Carolina Financial Services is considering the purchase and installation of an expensive computer network. This is the type of expenditure that would be included in a(n):
a. capital budget.
b. asset budget.
c. cash budget.
d. operating budget.
Ans: a. capital budget
The capital budget highlights a firm's spending plans for major asset purchases that often require large sums of money.
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A company that sets its goals and strategies based on what its current equipment can manufacture, what its engineering can design, and what the company itself can do best has a(n)__________orientation
Fill in the blanks with correct word.
Jim and Nancy, a married couple, lived outside Oregon all year. They intend to come back to Oregon in the future. They had no income earned in Oregon, and their only home was in Montana where they actually lived. They visited family and friends in Enterprise, Oregon, for two weeks in the summer. Although Jim and Nancy consider themselves Oregon residents, they will be treated as nonresidents for tax purposes.
a. true b. false